About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs
Filed under Government Mortgage Financing Programs News

The short answer to this question is: Not much so far. Mortgage interest rates on government-backed and conventional loans have remained near historic lows over the last few weeks as demand for the 10 year T-Note remains high and thus the yield remains low. But if a deal is not reached between Congress and the White House by August 2nd it is feasible that the demand for US bonds will dry up and that in turn could lead to a spike in interest rates.

If you have been considering locking in a lower rate on your mortgage it might be safest to lock in your rate soon. There is a lot riding on the debates between the GOP and the Democrats right now in Washington. All sides seem to believe a deal will get done but in the off chance it doesn’t rate could potentially go significantly higher in August. Contact us in the sidebar for more information on refinance programs that might apply to you.

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